There are many reasons that someone may consider wanting to learn how to Day Trade. Some may think that it is exciting or something they have always wanted to do. Others may be unhappy with the results their 401K is getting. Some may just want to find a way to earn some extra income. These are all valid reasons, but I would like to offer what I believe is the most compelling reason why everyone should learn how to Day Trade and that is Financial Security in uncertain times.
There is a lot of uncertainty in the world today what with the Economic crisis in Europe, the Debt in the U.S. and the uprisings in the Middle East. Any one of these conditions could spiral out of control and have devastating affects on Global Economies. In fact many now believe that it is no longer a matter of “if” it will happen but “when” it will happen.
So what would you do if you woke up tomorrow and found out that your job no longer existed?
We just recently witnessed this happening here in the U.S with the collapsing of the housing bubble. Construction workers, Mortgage lenders, Real Estate agents and many more lost their jobs almost overnight. And these jobs have not returned and are not likely to any time soon. If this were to happen to you do you have a back-up plan?
“No matter how bad things may get the Market will continue to trade.”
In uncertain times one thing is for certain the Market will continue to operate. Just look at the Great Depression probably the worst economic times our country has ever seen. Even though there was massive unemployment, deflation and a contraction of Credit there was still a need for trade and the Markets carried on. Unfortunately unlike today people living in those times did not have easy access to participate in the Markets, but today anyone with a computer and internet service can access the Markets.
How easy is it to Day Trade
Now Day Trading may not be the easiest thing to learn but its not the hardest either. In fact it may be a lot easier than you are imagining. Like most things it takes a little time to get the hang of, but there is a ton of resources at your disposal to help you along. Taking the time to learn how to Day Trade can provide you with yet another arsenal to deal with the uncertain times we live in. If nothing else it can give you a back-up plan should you find yourself in need of one.
Berg Canon is an entrepreneur, business owner and Day Trader who writes and teaches on protecting your financial security with simple, easy to follow trading solutions. Developer of Image Recognition Signaling and Velocity Shift Strategy, he has taken the complicated task of chart reading and turned it into child’s play.